Zevin Asset Management LLC Boosts Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Zevin Asset Management LLC lifted its stake in Expeditors International of Washington (NASDAQ:EXPD) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,893 shares of the transportation company’s stock after purchasing an additional 1,285 shares during the quarter. Zevin Asset Management LLC’s holdings in Expeditors International of Washington were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Lenox Wealth Management Inc. raised its position in Expeditors International of Washington by 36.5% in the 3rd quarter. Lenox Wealth Management Inc. now owns 774 shares of the transportation company’s stock worth $57,000 after buying an additional 207 shares during the last quarter. America First Investment Advisors LLC raised its position in Expeditors International of Washington by 0.7% in the 3rd quarter. America First Investment Advisors LLC now owns 209,765 shares of the transportation company’s stock worth $15,583,000 after buying an additional 1,510 shares during the last quarter. First Trust Advisors LP raised its position in Expeditors International of Washington by 206.7% in the 3rd quarter. First Trust Advisors LP now owns 918,589 shares of the transportation company’s stock worth $68,242,000 after buying an additional 619,057 shares during the last quarter. Creative Planning raised its position in Expeditors International of Washington by 6.9% in the 3rd quarter. Creative Planning now owns 8,722 shares of the transportation company’s stock worth $648,000 after buying an additional 560 shares during the last quarter. Finally, Mackay Shields LLC raised its position in Expeditors International of Washington by 10.9% in the 3rd quarter. Mackay Shields LLC now owns 28,671 shares of the transportation company’s stock worth $2,130,000 after buying an additional 2,828 shares during the last quarter. 92.52% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:EXPD traded up $0.07 during mid-day trading on Friday, reaching $77.27. 792,900 shares of the company traded hands, compared to its average volume of 1,032,841. The company’s 50 day moving average price is $73.76 and its 200-day moving average price is $73.85. Expeditors International of Washington has a 52 week low of $62.90 and a 52 week high of $81.15. The firm has a market cap of $13.24 billion, a PE ratio of 22.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 30.76% and a net margin of 7.56%. Expeditors International of Washington’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, research analysts predict that Expeditors International of Washington will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.50 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is 28.74%.

In related news, Director Sidney E. Harris sold 1,860 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $134.50, for a total transaction of $250,170.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eugene K. Alger sold 36,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total value of $2,557,800.00. Following the sale, the insider now directly owns 45,787 shares in the company, valued at approximately $3,253,166.35. The disclosure for this sale can be found here. Insiders sold a total of 262,546 shares of company stock worth $19,835,874 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on EXPD shares. Credit Suisse Group boosted their price target on Expeditors International of Washington from $67.00 to $70.00 and gave the company an “underperform” rating in a research note on Wednesday. Barclays downgraded Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $78.00 to $72.00 in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. BidaskClub downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. UBS Group set a $67.00 price target on Expeditors International of Washington and gave the company a “sell” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their price target on Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $73.67.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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